Category: Stock Markets 2010
The analysis published under this category are as follows.
Friday, June 18, 2010
Stock Market Stalls At Resistance / Stock-Markets / Stock Markets 2010
By: Anthony_Cherniawski
U.S. stocks rose as a late-day rally in technology, consumer-staples and industrial companies
helped the market overcome an early slump spurred by economic reports that cast doubts on the
strength of the recovery.
The Standard & Poor’s 500 Index increased 0.1 percent to 1,116.01 at 4 p.m. in New York and remained above its 200-day average for a third day. The Dow Jones Industrial Average gained 24.71 points, or 0.2 percent, to 10,434.17, erasing a drop of as much as 90 points. Both gauges did not turn higher until the final minutes of trading.
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Friday, June 18, 2010
Stock Market Indices Edge Higher on Late Snapback / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices swung back and forth most of the session, but a late, sharp rally brought them back into the plus column and they closed not too far off the session highs with gains on the day.
The day started with a gap up, making the session highs at that point. Then the indices dropped, popped and dropped again to reach the session lows within about 90 minutes after they opened. A 3-wave rally brought them back to retest the highs, but they fell short, particularly in the S&P 500, and then sold off rather steadily until about a half hour to go, at which point they snapped back very sharply, and closed positive once again.
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Friday, June 18, 2010
Baltic Dry Goods Chart is Giving Bearish Stock Market Signals / Stock-Markets / Stock Markets 2010
By: Brian_Bloom
Steep fall. Too steep for comfort. Implies that volumes of dry goods being shipped, world-wide, is contracting sharply. Might bounce from here but I don’t like that angle of decline. Could just as easily halve as rise.
Thursday, June 17, 2010
Stock Market Calm Before Next Climb / Stock-Markets / Stock Markets 2010
By: Mike_Paulenoff
The S&P 500 emini contract is pressing towards yet another probe of key support along the 1100 level, which also doubles as the rising 200-day moving average at 1099.70. As long as that support area contains any forthcoming weakness, with an overshoot into the June 8 up-trendline at 1095, my pattern work will consider all the action since the June 15 high at 1111.50 to be a sideways rest-digestion period ahead of another upleg.
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Thursday, June 17, 2010
Spain Clears Funding Hurdle But US Jobs Data Disappoints / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
Spain is again the focus both on and off the pitch Wednesday with the Spanish bond market like their defence, beginning to resemble a Swiss cheese. With nerves about Spain’s financing situation rattled ahead of Spain’s bond auctions today and a heavy period of debt redemptions coming up in July totalling €25bn, the spread between Spain and Germany’s 2-year yields rose another 15 bp to another new EMU high of 279 bp a 40 bp rise so far this week and nearly 150 bp rise in the past month. Seems the contagion spread to the football team last night. There are also worries that the release of the results of the recent stress test results for European banks will confirm the markets very worst fears about the level of leverage/under capitalization still lingering nearly 2.5 years into the crisis. I personally think quite the opposite and that the stress test results will focus attention on German banks who have been getting away with being undercapitalized/over leveraged for years.
Thursday, June 17, 2010
Daily Trading Activity, BP Suspends 2010 Dividends... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
Trade Recommendations: Take no action.
Note: We added HOS to the value portfolio at a price of $14.50 per share. HOS closed at $14.28.
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Thursday, June 17, 2010
Stock Indices Close Flat After Late Pullback / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices ended near the flat line, but were up most of the day before a late pullback brought them back near the flat line. They actually went negative for a bit with a half hour to go, but snapped back into the close.
Thursday, June 17, 2010
S&P 500 1105..Earnings....Resistance At 50's....Right Shoulder / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
There are times when I think this would all be easier if I had you all in front of me and I could verbalize what I'm seeing and thinking. I'll do my best to explain today's action and what is ahead for this market. Today was an interesting day, for sure, because the bulls showed that they're not very anxious to give back that S&P 500 1105 support level, which, until a day ago, was a wall of China in terms of resistance. Two tests early on down to 1107, but that was the best the bears could muster up.
Wednesday, June 16, 2010
Stock Market Bulls Roar Back / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices had an exceptional day as the bulls certainly roared today. The indices started out with a gap up, ran hard early on, reached resistance levels and backed off to consolidate, but continued its stair-step advance in a steady fashion, closing near the highs for the day going away in a strong surge with strong technicals to confirm the trend today.
Wednesday, June 16, 2010
Stock Market Bulls Capture S&P 500 1105...... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
So the range between 1040 (3 tests) and 1105 (prior to today, 4 tests) was finally broken to the up side by the bulls. Fifth time the charm. Didn't come easy. Yours truly sadly shaken out along the way. It was tough. It gave more head fakes than one could possibly imagine would be possible. Yesterday being the latest of those head fakes.
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Tuesday, June 15, 2010
CNBC Goes Too Far With Tag Team PIMPCO Bond Pusher El-Erian With Roubini Dr Doom / Stock-Markets / Stock Markets 2010
By: PhilStockWorld
Once again CNBC has gone too far!
The futures were doing very well, up almost 1% until CNBC put together the tag-team guest spot of Mohamed El-Erian, the notorious bond pusher from Pimpco and "Doctor Doom" himself - Nouriel Roubini in a classic bear and bigger bear face-off that was timed right into the EU's lunch hour. Roubini's new book is called "Crisis Economics" and there's nothing like a crisis to chase people into the loving arms of PIMCO, where El-Erian gets the fees. It's odd that there's not even a simple disclosure statement from El-Erian to guide viewers like: "You know, I do well when the market does bad."
Tuesday, June 15, 2010
Activity in Media Sector Lifts Stocks / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
This morning in Europe the big story is the bid by Rupert Murdoch’s News International for the remainder of BSkyB. The stock is up 20%. Bloomberg has posted headlines saying that BSkyB “would support a proposal delivering value above 800p” after News Corp rebuffed an initial 675p to 700p. This M&A story has sparked a more general rally in media names such as ITV (up 3.8%) and Spain’s Gestevision Telecinco which is better by 4.2%. Other stocks on the move include broker ICAP (plus 2.5%) on an upgrade at Numis from “reduce” to “add”. But Inmarsat is down 4.2% after a broker downgrade. They were cut to “underperform” from “neutral” over at BofA Merrill Lynch. Healthcare Locums has collapsed 18% after admitting that all talks about a possible takeover have ended. But Spice Plc is up 6% on news that Cinven is considering making an fresh offer. Dow futures are ahead by 60 as I write despite some disappointing numbers from Best Buy. The stock has shed 6% pre market.
Tuesday, June 15, 2010
Stock Market Reversal at Resistance... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
Trade Recommendations: Take no action.
Daily Trend Indications:
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Tuesday, June 15, 2010
Stock Market Indices Reverse Sharply to Close Lower / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices started the week with a bang and a nice gap up, ran hard in the morning and reached the session high at about 11:00 am right at key overhead resistance on the S&P 500 near the 1105 area. The Nasdaq 100 at that point reached near 1880, getting up to 1877, but they were unable to make any further advances.
Tuesday, June 15, 2010
Stock Market Trend In A Word, Awful... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
What more can be said for a market that makes its fourth try at critical resistance with a positive divergence in place and spits the bit. Hard to believe how bad the market was today considering what was set in motion. If this was a head fake lower, what a fake it was. Bearish action for sure. We started out with a gap up that took us to that magic number once again at 1105 S&P 500. The market looked poised to take it out but we were very overbought on the short-term 60-minute charts where we saw 70 + RSI's and 90 + stochastic's. MACD's top side as well.
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Monday, June 14, 2010
Stock Market Timing Correlation Against Currencies / Stock-Markets / Stock Markets 2010
By: Graham_Summers
Pop Quiz: what do you get when you combine a stock market completely overrun by computer programs with central bankers who believe currency debasement is a means to generate real wealth?
Answer: insane volatility in which the entire market follows various asset classes tick for tick.
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Monday, June 14, 2010
Unraveling Stock Market Rally / Stock-Markets / Stock Markets 2010
By: Paul_J_Nolte
Whether you call it a merry-go-round or a roller coaster, the ride of the past two weeks has put you right back where you started. While a rally was not too surprising, given the huge amount of selling over the prior two weeks, the markets seemed to still be trading on data from overseas rather than economic data here. For example, the huge rally on Thursday was, in part, due to tremendous exports reported by China rather than our rather lousy report on weekly jobless claims.
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Monday, June 14, 2010
Is There Enough Liquidity in the Stock Market? / Stock-Markets / Stock Markets 2010
By: Marty_Chenard
When there is a lot of money available for buying an item, supply goes down and prices go up.
The same happens in the stock market. When lots of money moves in, Liquidity levels move from Contraction to Expansion. When Liquidity hits an expansion level, competition for stocks will drive prices up and the overall market will propel upward.
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Monday, June 14, 2010
Stocks Start the Week on the Front Foot / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
Are markets becoming less sensitive to bad news or is it just priced in ? Poor retail sales data from the US on Friday (remember 60% plus of American GDP comes from private consumption) sent stocks lower early in the New York session. However, they closed up after a late rally led by IT and basic materials stocks. A better than expected consumer confidence number at 3pm BST Friday and a report from the Semiconductor Industry Association, which raised its chip sales forecast, sparked the comeback which helped the market overcome the largest drop in American retail sales since September.
Monday, June 14, 2010
Stock Market Light volume rally... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
Trade Recommendations:
Take no action.